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At Niello BMW Elk Grove, we go above and beyond to ensure that the financing and leasing process is as streamlined and stress-free as possible for our Elk Grove area customers. Deciding between an auto lease or loan can be difficult if you do not have the help or resources you need. That's why we make it our top priority to ensure that you drive off our lot feeling confident in your decision. When you visit Niello BMW Elk Grove in Elk Grove, California, our knowledgeable finance professionals will help you determine whether a lease or loan makes the most sense for your lifestyle and budget. After reviewing some of the key differences below, take the next step and contact the auto financing experts at our local dealership with any further questions you may have!
(916) 602-4922
Finance Department
Leasing vs Financing a BMW from our Elk Grove, CA BMW Dealership
| Benefits | Leasing | Buying |
| Ownership | x | |
| Lower Down Payment | x | |
| Lower Monthly Payment | x | |
| No Mileage Limit | x | |
| Vehicle Customization | x | |
| Easier Trade In | x |
Should I Lease or Finance?
Elk Grove, CA | Stockton, CA | Lodi, CA
Leases
If you are the type of driver who prefers driving a new vehicle every few years, a lease from Niello BMW Elk Grove may be the right choice for you. When you choose to lease, you can either trade in your leased vehicle for a different model, buy the car, or turn it in and walk away once you have reached the end of your lease. In addition to being less of a commitment than ownership, leasing also requires little upfront money! Down payments and monthly lease payments will typically be less than that of an auto loan. With the savings from leasing, you can even elect to upgrade to a more expensive vehicle or trim option. When you choose to lease your vehicle, you will make monthly car payments to the lender based on a predetermined depreciation value. However, ending your lease terms early, going over your mileage limit, or making modifications to your vehicle can result in additional fines. If the flexibility of leasing sounds like a good fit for you, our team suggests exploring the competitive lease options available at Niello BMW Elk Grove today!
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Loans
When you choose an auto loan, you are working towards vehicle ownership, meaning you get to keep your vehicle for as long as you want. With no lease terms to abide by, you have the freedom to customize your car and drive as many miles as your heart desires. If you love taking long road trips, an auto loan is the best option for you. While the down payment and loan payments are usually higher than lease payments, you get the freedom to sell or trade-in your vehicle at any point in time, without a set deadline to worry about. Additionally, you don't have to worry about getting fined for excessive wear and tear on your vehicle. If the idea of long-term ownership with no limitations sounds right for you, Niello BMW Elk Grove makes it easy to finance your next vehicle in Elk Grove, CA. Call or visit us to learn more about the finance process and our current low-APR offers!
Choose the Right BMW Financing Option for You
If you are still unsure whether a lease or loan is the best option for you, the friendly team at Niello BMW Elk Grove is here to help. When you visit us in Elk Grove, CA, we will take the time to ask about your needs and find a solution that checks all your boxes. Get started now by using our easy online tools. Quickly estimate the value of your trade-in or apply for financing directly through our website now! If you have any questions along the way, don't hesitate to call Niello BMW Elk Grove for assistance. We look forward to helping you on your financing or leasing journey!
Apply for Financing
